LME fined £9.2m after "relatively junior" staff left to manage disorderly nickel market

One of the world's biggest commodities markets, the London Metals Exchange (LME), has become the first recognised investment exchange to be fined in an enforcement action by the FCA.

By Neasa MacErlean

The £9.2 million penalty relates to a situation that persisted for over four years and culminated in prices doubling in a few hours on 8 March 2022, also creating a "significant risk of adverse impact on the wider economy".